David Nathan Cohen, a former Cetera Investment Services broker, is the subject of multiple disclosure events reported on his FINRA BrokerCheck profile.

According to FINRA BrokerCheck, Cohen is not currently registered as a broker. His BrokerCheck report lists 1 regulatory event, 3 customer dispute disclosures, 1 termination disclosure, and 3 judgment/lien disclosures.

Official sources: FINRA BrokerCheck profile for David Nathan Cohen (https://brokercheck.finra.org/individual/summary/5083883); FINRA BrokerCheck report PDF (https://files.brokercheck.finra.org/individual/individual_5083883.pdf)

Cohen was previously registered with Cetera Investment Services LLC from June 2019 to December 2025 in Yonkers, New York. His BrokerCheck report also lists a prior registration with Foresters Financial Services, Inc. from January 2006 to June 2019.

FINRA Regulatory Disclosure

FINRA BrokerCheck reports a final regulatory event initiated by FINRA on March 3, 2026.

According to the disclosure, Cohen consented, without admitting or denying the findings, to a permanent bar after FINRA found that he refused to appear for on-the-record testimony requested in connection with FINRA’s investigation into whether he converted or misappropriated customer funds.

The regulatory matter was resolved through an Acceptance, Waiver & Consent. FINRA ordered a permanent bar, effective March 3, 2026.

Pending Customer Disputes

FINRA BrokerCheck reports two pending customer disputes involving Cetera Investment Services.

One pending disclosure alleges that Cohen received wire transfers directly from a client as part of an alleged fraud. The disclosure states that alleged compensatory damages in an amended statement of claim were $500,000. The product type is listed as No Product.

Another pending disclosure alleges that clients allege misappropriation of funds. The product type is listed as Equity Listed, including common and preferred stock. Alleged damages are listed as $500,000 by the firm reporting source. The matter is reported as FINRA arbitration docket number 25-02530.

Settled Customer Dispute

FINRA BrokerCheck also reports a settled customer dispute involving Cetera Investment Services.

According to the disclosure, the claimant alleged that the proceeds of a liquidated variable annuity were used for what the claimant believed were purchases of investments and paid directly to the registered representative. The product type is listed as Annuity-Variable.

Alleged damages were listed as $250,550.19, and the matter was reported as settled for $250,050.19. BrokerCheck reports that Cohen made no individual contribution to the settlement.

Termination Disclosure

FINRA BrokerCheck reports that Cetera Investment Services discharged Cohen on December 9, 2025.

According to the termination disclosure, Cetera discharged Cohen for transacting business while under suspension by the firm and for failing to cooperate with the firm’s internal review of allegations that client funds were paid directly to Cohen and that Cohen used the funds to support his business.

Judgment and Lien Disclosures

Cohen’s BrokerCheck report also lists 3 judgment/lien disclosures.

The report includes an IRS tax lien filed in October 2023 in the amount of $232,470.15, an IRS tax lien filed in December 2019 in the amount of $61,245.67, and an IRS tax lien filed in June 2017 in the amount of $73,650. The report lists each lien as outstanding.

Why These Disclosures Matter

The disclosures reported on Cohen’s BrokerCheck profile raise serious investor-protection issues involving alleged misappropriation, direct client payments, wire transfers, annuity proceeds, and firm supervision.

When investors are asked to send money directly to a broker, transfer funds outside standard brokerage channels, liquidate annuities, or rely on a broker’s explanation of where funds are going, those transactions should be reviewed carefully.

Misappropriation and conversion allegations are different from ordinary investment-loss claims. They may involve questions about whether client funds were moved without proper authorization, whether the brokerage firm had adequate supervisory controls, and whether red flags should have been identified earlier.

Important Note for Investors

The allegations reported in FINRA BrokerCheck are allegations only unless and until they are resolved through a final regulatory, civil, arbitration, or court determination. Pending customer disputes have not been proven, and settled matters may be resolved without any admission or finding of wrongdoing.

However, investors who believe a broker or financial advisor misappropriated funds, requested direct wire transfers, used annuity proceeds improperly, converted assets, or moved funds outside ordinary brokerage channels should promptly review their account records and speak with an investment loss recovery attorney.

Sonn Law Group represents investors in claims involving broker misconduct, investment adviser misconduct, misappropriation, conversion of funds, unauthorized transfers, annuity-related losses, wire-transfer fraud, and failure-to-supervise claims.

Investors who suffered losses involving a broker or financial advisor may contact Sonn Law Group to discuss potential recovery options.